Frequently Asked Questions and answers from Quinn & Co - Estate and Letting Agents. If anything isn't covered below feel free to contact a member of our team
Yes. Your mortgage lender needs to give you permission before you can let your property, and they may impose special conditions. If you are buying a property with the intention of letting it out, you may be able to obtain a buy to let mortgage.
Ask a letting agent to value your home. At Quinn & Co, we’re experts in the market, so we can tell you how other rental properties are doing in the area, and what kind of yield you can hope to expect. Book a rental valuation with Quinn & Co.
Most Landlords expect a comprehensive service which covers all aspects of property management, however some properties require a bespoke service, for example HMO’s and large student accommodation, so our service can be tailored to suit your requirements and those of the property. Some landlords know or are themselves plumbers or electricians so will deal with their own maintenance and repairs.
We also provide a tenant find service although this is increasingly becoming uncommon as the letting industry is starting to become more regulated and mistakes can be very costly to Landlords who believe they are doing the right thing but are caught out by bureaucracy and the raft of new rules they were aware unaware of.
Choosing a fully managed service allows you to completely relax. You never have to worry about the let. It creates a professional distance between you and the tenancy, and means you can avoid having to deal with all the bad bits like rent arrears and deposit disputes.
Landlords and letting agents are required to register tenants’ deposits with an approved Tenancy Deposit Scheme. At Quinn & Co, we register deposits with a scheme such as My Deposits. The deposit is then either held by the landlord, the agent or the deposit scheme itself. The Tenancy Deposit Scheme is there to protect the tenant’s money and help to resolve any disputes at the end of the tenancy.
An inventory is a detailed list of the contents and condition of your property taken before the tenant moves in. It is important that if there is a dispute over damage at the end of the tenancy, you have proof of the original condition of the property and its contents.
An Energy Performance Certificate, or EPC for short, is a report detailing the energy efficiency of a property. It gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years.
All landlords are required to purchase an EPC for a property before they let it and, from 1st April 2018, the property must have a minimum rating of E on its EPC. It will be unlawful to rent a property which breaches this requirement with a penalty of up to £4,000.
A Gas Safety Record (GSR) is in place to ensure that all gas appliances, pipes and flues are in safe working order. It must be carried out by a qualified Gas Safe Register engineer. This needs to be checked every 12 months.
You are required to ensure that any electrical devices within the property are safe for use. We recommend an Installation Survey or Portable Appliance Testing (PAT) so you can be sure you are compliant.
You must ensure that all furnishings comply with furniture and furnishing regulations. All compliant furniture must display standard labels in a prominent position. This is to reduce the risk of fire within the property.